Franklin, Williamson County, Tennessee Property Taxes
Property Taxes in Franklin, Tennessee
Median Franklin, Tennessee effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, and lower than the Tennessee state median of 0.54%.
Median Franklin, Tennessee home value: $498,600
Median annual Franklin, Tennessee tax bill: $2,847, $447 higher than the national median property tax bill of $2,400.
How are property taxes in Williamson calculated?
Property taxes in Franklin, Tennessee are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Franklin's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Franklin, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Franklin, Williamson County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$2,692
$2,499
How Does the Franklin Property Tax Calculator Work?
Use this Franklin property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Franklin's median effective tax rate of 0.54% — based on actual property records in Williamson County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Franklin's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Franklin: rates range from $2,646.00 in 37069 to $3,014.00 in 37067, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Franklin.
About Franklin Property Taxes
About Property Taxes in Franklin, Williamson, Tennessee
Franklin’s median effective property tax rate of 0.54% is lower than the Tennessee state median of 0.54% and lower than the national median of 1.02%. This rate reflects the Williamson County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Franklin. Homeowners in the 37064 ZIP code carry a median effective rate of 0.54%, while those in 37069 pay 0.47%. This spread — 0.07 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Williamson County. Understanding which part of Franklin you live in can make a meaningful difference to your annual tax bill.
Franklin homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Franklin, Williamson County, Tennessee
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Franklin's effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Franklin Tax Rate
0.54%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Williamson County Tax Rate
0.54%
Median Effective Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franklin, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37064 | 0.47% | 0.54% | 0.54% | 0.71% | 0.71% |
| 37067 | 0.47% | 0.54% | 0.54% | 0.71% | 0.71% |
| 37069 | 0.47% | 0.47% | 0.47% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Franklin, Williamson County, Tennessee
When examining property taxes in Franklin, Tennessee, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Williamson County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Williamson County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Franklin.
For example, the median home price in Franklin is $498,600, with tax bills ranging significantly across the county. 37069 has the highest median home price at $533,900.
Property Tax Assessment Values Across Franklin, Williamson County, Tennessee
Source: Ownwell
$154,600
$546,600
$938,600
Median Franklin Market Value
$498,600
Median Williamson County Market Value
$495,400
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Franklin, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37064 | $233,800 | $351,200 | $475,900 | $632,175 | $836,600 |
| 37067 | $348,000 | $409,525 | $532,400 | $667,075 | $841,600 |
| 37069 | $339,100 | $417,700 | $533,900 | $735,950 | $1,160,700 |
Source: Ownwell
Property Tax Bills Across Franklin, Williamson County, Tennessee
Property tax bills in Franklin are based on the assessed value of a home, which is then multiplied by the local tax rate. For homeowners, the bill is shaped by the market value of the property, any exemptions that apply, and the taxing rates set by local governments. With a median home price of $498,600, even small changes in assessed value can have a noticeable effect on the final bill.
In Franklin, property tax bills vary across neighborhoods and zip codes. The highest median tax bill is $3,014 in 37067, while the lowest median tax bill is $2,646 in 37069. That range shows how location can influence what homeowners pay, even within the same city.
Compared with the national median property tax bill of $2,400, Franklin homeowners often face higher annual costs. For many, that means property taxes are a major part of the cost of owning a home and an important factor to review each year.
Median Franklin Tax Bill
$2,847
Median Williamson County Tax Bill
$2,653
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Franklin, Williamson County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37064 | $1,513 | $2,120 | $2,813 | $3,544 | $4,651 |
| 37067 | $2,076 | $2,567 | $3,014 | $3,664 | $4,530 |
| 37069 | $1,674 | $2,115 | $2,646 | $3,596 | $5,303 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 31 |
Links | |
|---|---|
| Williamson Tax Assessor | |
| Website | inigo.williamson-tn.org |